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Future Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

CRUDE OIL Aug 2020 (NYMEX:CL.Q20)

Strong Uptrend (+100) - CL.Q20 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CL.Q20 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid CL.Q20?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Q20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_CL.Q20
Open High Low CL.Q20 Price Change
40.65 42.40 40.64 41.76 +1.07
Entry Signal

MarketClub’s Trade Triangles for CL.Q20

long term up The long-term trend has been UP since Jul 21st, 2020 at 41.24

intermediate term up The intermediate-term trend has been UP since May 17th, 2020 at 30.39

short term up The short-term trend has been UP since Jul 21st, 2020 at 40.90

Smart Scan Analysis for CL.Q20

Based on our trend formula, CL.Q20 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for CL.Q20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.65 42.40 40.64 41.76 +1.07
Prev. Close Volume Bid Ask Time
36.80 17587 2020-07-21 14:29:53
First Delivery2020-08-31Expiration2020-07-21
Open Time18:00Close Time17:00
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